By msnbc.com news services
Stocks fell Wednesday as caution prevailed ahead of a meeting of European leaders and on mounting concerns over Greece's future in the euro zone.
A weaker-than-expected revenue forecast from computer maker Dell also weighed on investor sentiment.
Facebook shares edged higher amid news that the company, Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley have been sued by shareholders, who claim the defendants hid the social networking leader?s weakened growth forecasts ahead of its $16 billion initial public offering.
(Track Facebook?s stock price (FB) here.)
Leaders of the 27 EU countries are to meet in Brussels later in the day for a summit expected to deal with Europe's economic woes but also ways to prevent debt-mired Greece from skidding into a chaotic bankruptcy. The leaders are to consider ways to generate growth and discuss the idea of regional bonds to be jointly underwritten by all euro zone member states. However, Germany has already reiterated its opposition to such a move.
Dell Inc shares fell a day after the company forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink.
Reuters contributed to this report.
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